Industrialization, Development in the APAC Region Drives Growth of Global Aluminum Casting Market

Research and Markets has announced the addition of the "Global Aluminum Castings Market 2014-2018 with Alcoa Inc., Ryobi Ltd., Gibbs Die Casting Corp., and Dynacast Inc. Dominating" report to their offering.

The Global Aluminum Castings market to grow at a CAGR of 10% to 2018.

The Global Aluminum Casting market is driven by several factors, such as the industrialization and development in the APAC region. Following the recovery from the global economic recession, many organizations have been expanding their manufacturing operations across the world. This is especially the case in the APAC region where manufacturers plan to tap the potential of the rapidly growing market in countries such as China and India.

Over the last four decades, a staggering number of foundries in developed countries have closed down because of high labor, production, and raw material costs, and recently, the low demand triggered by the global recession. Owing to these reasons, manufacturers are preferring setting up production facilities in emerging countries. The shift is also driven by rigid environmental stipulations and initiatives with regard to waste, energy, and environmental taxation by governments in Western countries. In emerging countries, raw material is abundantly available though sometimes inferior in quality, and, in addition, the availability of cheap labor in these countries hints at the untapped potential of these markets.

Further, the report states that despite the presence of several drivers, the growth of the Global Aluminum Casting market is curtailed by some serious challenges, including the increase in energy requirements for the production of aluminum castings.

Key vendors dominating this space are:

  • Alcoa Inc.
  • Ryobi Ltd.
  • Gibbs Die Casting Corp
  • Dynacast Inc.

Other vendors mentioned in the report are:

  • Alcast Co
  • Alcoa Howmet Castings
  • Bodine Aluminum Inc.
  • Consolidated Metco Inc.

Key Topics Covered:

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Market Landscape
  7. Market Segmentation by Process
  8. Market Segmentation by End-users
  9. Geographical Segmentation
  10. Key Leading Countries
  11. Buying Criteria
  12. Market Growth Drivers
  13. Drivers and their Impact
  14. Market Challenges
  15. Impact of Drivers and Challenges
  16. Market Trends
  17. Trends and their Impact
  18. Vendor Landscape
  19. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/sg2bzs/global_aluminum

Source: http://www.researchandmarkets.com/

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